According to the latest figures released by the Statistical Center of Iran (SCI), the country’s monthly inflation rate has dropped to 2.2% for the Iranian calendar month ending on November 21, 2023.
Iran’s President Ebrahim Raisi pushed executive branch organizations and economic institutions to implement plans adopted to decrease the inflation rate.
Side-by-side declines in U.S. equity and fixed income markets are pushing investors into cash, commodities and dividend-paying stocks as geopolitical uncertainty and worries over a hawkish Federal Reserve rock asset prices.
The Chairman of Iran-China Chamber of Commerce has warned that Iran’s economy is at its “most dangerous historical point” in the past four decades.
Economic inflation in Iran over the 12 months ending in May 20 stood at 10.2 percent.
